The Zimbabwean government will pay former white commercial farmers who had their land expropriated partial compensation to the value of 53 million Zimbabwean dollars.
The amount, an estimated R238m at current exchange rates, is only an interim payment according to the Zimbabwe Commercial Farmers Association.
The association's Ben Gilpin says the move is a step in the right direction towards proper redress.
Gilpin says there is still a long way to go in the exploratory compensation process, but commends the improved dialogue between government and affected farmers.
The amount has already been depreciated since they put the currency onto an inter-bank exchange rate.— Ben Gilpin, Director - Zimbabwe Commercial Farmers Association
It's an interim payment aimed at relieving farmers who have claims going back 20 years.— Ben Gilpin, Director - Zimbabwe Commercial Farmers Association
In terms of the actual numbers, it's a drop in the ocean. But it's a process of dialogue and we believe we've made progress in this regard.— Ben Gilpin, Director - Zimbabwe Commercial Farmers Association
He explains that the money will be equally distributed to farmers who submit individual applications for compensation.
Listen to the discussion on The John Maytham Show:
This article first appeared on CapeTalk : Zim farmers group welcomes partial compensation for land